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According to the Ho Chi Minh City Stock Exchange, Ms. Ho Thi Kim Chi, Deputy General Director of Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG, HoSE: HOSE), recently announced the trading of shares by insiders and related persons of insiders.
Specifically, Ms. Chi intends to purchase 200,000 HAG shares through order matching on the exchange to increase her ownership rate.
The expected transaction execution time is from August 8, 2024, to September 6, 2024.
Before the transaction, Ms. Kim Chi owned 395,159 HAG shares, equivalent to a 0.04% stake. If she successfully purchases the registered 200,000 HAG shares, the Deputy General Director of HAGL will increase her ownership in the enterprise to 0.06%.
In the market, HAG shares are experiencing a deep decline; trading at VND 11,600 per share in the afternoon session of August 5, down 4.13% compared to the previous session’s closing price.
Based on this market price, Ms. Ho Thi Kim Chi is expected to spend approximately VND 2.3 billion to complete the transaction as registered.
In terms of business results, in the second quarter of 2024, HAGL’s net revenue reached VND 1,518 billion, up 5%. The gross profit increased by VND 334 billion compared to the same period in 2023, mainly due to increased banana exports.
Notably, the loss from financial activities decreased by VND 178 billion compared to the same period last year, mainly due to lower interest expenses. Other income decreased by VND 263 billion compared to the same period last year, mainly due to the profit from the transaction of purchasing Bolaven High-Tech Agriculture Company Limited at a low price in the second quarter of 2023.
After deducting taxes and fees, HAGL reported a consolidated net profit of VND 281 billion in the second quarter of 2024, up 199% over the same period last year.
Daughter of Bui Duc reduces ownership to 0.97% stake in Hoang Anh Gia Lai.
By selling 2 million HAG shares in the trading session on February 15th, Ms. Doan Hoang Anh – daughter of Mr. Bau Duc – has reduced her ownership to only 0.97% of the shares in Hoang Anh Gia Lai.
